The agreement contemplates the potential supply of up to 57 turbines between 2015 and 2016 to various wind farms, as well as 10-year O&M service agreements.

This is the second master agreement signed by the two companies in less than one year.

Gamesa, a global technology leader in wind energy,
this morning signed a framework agreement for the supply of up to 285 MW of its
5 MW turbines with TuuliWatti Ltd, the wind energy joint venture between
Finnish energy company St1 Ltd and retail cooperative S-Group.

The agreement contemplates the potential supply - in
2015 and 2016 - of up to 57 5 MW turbines, from its G128 and G132 models, to
several of the local wind farms planned for construction by the Finnish
company.
Gamesa will also provide the operations and
maintenance (O&M) services for a period of 10 years. The 5 MW
turbines, which are specifically designed to withstand low temperatures, will
be the most powerful installed in the Finnish market.

This new framework agreement is the second signed by
Gamesa with the Finnish company in less than one year, having reached a master
agreement at the end of 2012 for the supply of 135 MW. Under this first
agreement, Gamesa has already received firm orders for the supply of 18 MW of
its 4.5 MW turbines to the Simo wind farm; 54 MW and 32 MW - also from the 4.5
MW platform - to the Pori and Tornio facilities, respectively, both of which
are already under construction, for delivery in 2013 and 2014; and three 5 MW
turbines to a wind farm in Salo, in southern Finland (2014).

"These agreements with Tuuliwatti endorse Gamesa's
leadership as technology provider and lend visibility to its strategic commitment
to multi-megawatt wind turbines. The 5 MW platform, one of the most powerful in the
onshore segment, evolves from the 4.5 MW platform and caters to the most
complex wind farm developments in terms of competitiveness and cost of energy. Its innovative
modular design and technology ensure reliability while complying with the most
stringent international grid-connection codes and environmental standards",
said Ricardo Chocarro, Gamesa's CEO for Europe and RoW.

Northern Europe

Further, this new agreement marks a new milestone in
Gamesa's strategy in the Scandinavian wind energy market, having established a
firm foothold in Sweden and Finland. The growth prospects for the Finnish market for the
years ahead are among the highest in Europe. In March 2011
Finland passed a feed-in tariff regime, designed to enable the country to reach
its target of 2,500 MW of installed wind energy capacity by 2020. Installed
capacity in Finland currently stands at 200 MW.